Property Management Division.

Transcription

1 Property Management Division

2 Introduction - SilMan Properties - SILMAN PROPERTIES consists of an accomplished TEAM of experienced and driven Real Estate professionals. Our team s main goal is to develop long term high quality business relationships with each individual client. Striving to provide an unmatched and seamless transaction experience, the team is dedicated to exceeding our client s expectations in both service and quality. Our team implements professional and creative marketing strategies within every opportunity the team encounters. We consistently react to the diversity of individuals, markets, and unique opportunities within the Real Estate industry. We remain dedicated to providing sound leadership, industry expertise, and a continued commitment to each client as well as our team member s personal and professional growth.

3 Listing and Marketing your Property Our Team of experienced and well trained property managers is constantly aware of the current market conditions and dedicated to presenting your property to the largest rental market available. Initial Preparation and Consultation Provide an initial property evaluation and offer suggestions that will ensure you obtain the maximum amount of income your property can generate. Listed below are some of the items that are covered within the initial evaluation. Conduct a comprehensive Market analysis in order to obtain the maximum rental amount with the least amount of days vacant. Recommend any value added maintenance prior to tenant occupancy. Coordinate any initial repairs or maintenance prior to marketing. We Believe that the initial property condition sets the benchmark for what we expect our future tenants to maintain. Marketing and Advertising Campaign Prepare a minimum of 8 pictures per property to highlight the features of your home. Multi-Media Marketing including SilMan Properties Website Place ads within various rental websites including but not limited to: Postlets, craigslist, Realtor.com, Zillow, Hot pads, Trulia, Facebook, LinkedIn, Rent.com, and many more. Coverage within multiple counties Signage (with owner approval) MLS Multiple Listing Service exposes your property to other local agents Rental Flyers Newsprint (optional)

4 Tenant Screening We want great tenants just as much as you do! Our comprehensive tenant screening and credit investigations help to ensure this. Initial Tenant Screening Once an ad is placed our team will screen all inquiries regarding the property and begin to set appointments with prospective tenants to view the property and provide additional documentation for further consideration. Potential tenants are required to provide the following items: Complete Rental Application and identity verification Copy of credit report (Less than 60 days old) Employment and income verification 2 month s of personal checking account statements 2 most recent pay stubs Rental History and personal reference verification Our screening process includes contacting current employers, following up with references, and interviewing past and present landlords all which are provided by the potential tenant. We will then compile all of this information in a comprehensive format in order to empower our clients to make the best decision on a tenant for their property. If the prospective tenant currently lives within our coverage areas we will conduct our initial interview with them in their current residence. This gives us an opportunity to do our best to provide you with tenants that will respect the home they are renting.

5 Tenant Follow up and Lease Preparation Once a tenant has been approved our team of property managers will negotiate and prepare a lease agreement for the Landlord and Tenant to approve. Lease Negotiation and Approval Once a tenant has been approved, appointments are made to review the lease agreement in depth with the new tenant. This gives our team the opportunity to answer any questions and carefully explain the tenant s responsibilities as well as our company s standard policies and procedures. Each party will receive a completed rental agreement and all necessary disclosures. Security Deposits and Insurance For additional protection, appropriate security deposits are always collected upon completion of a lease agreement. The amount of deposits are based on the monthly rental rate. Applicants with pets are required to pay an additional deposit if a pet is approved for the property. We ensure that the property owner has contacted their insurance carrier and a copy of the most recent insurance policies are requested and kept in our office file. We also discuss and suggest that each tenant maintain a Renter s Insurance policy in order to reduce potential claims against property owners. Move In Move Out Move-In - Prior to Tenant s Occupancy, we conduct a complete inspection of the property and document it s current condition, including pictures as necessary. We emphasize the expectations of the tenants and landlords which we find helps develop a good working relationship and encourages the tenant to take pride in their new home. Move Out Upon receipt of Tenant s notice to vacate, the owner is notified and we provide a complete inspection and documentation, which also highlights the cleaning procedures required of the tenant. We will then procure any estimates needed for damage during the tenant s occupancy period and discuss further actions with the owner.

6 Property Repair and Maintenance Services Timely and Competent maintenance is the key to protecting your investment. Our goal is to provide you with this important service at a reasonable price utilizing only qualified professionals. Property Maintenance All repair and maintenance services are performed by our team of dedicated vendors and licensed contractors. Each vendor has been hand selected because of their ability to provide the best possible service at a competitive price. Our team of property managers regularly performs visual exterior inspections in order to recommend periodic maintenance to maximize your property value and protect your investment. One additional item that sets our team above the competition is our ability to provide these services with our in house licensed general contractor. This gives us the ability to provide a one stop shop as well as competitive pricing and emergency service. Prepare Budgets for owner review 24 hr. Emergency service Collect and review additional bids as needed Provide supervision for requested projects Perform maintenance and repair activities All tenants are provided with both emergency and non-emergency contacts for repair and maintenance purposes. All requests above $200 will be submitted to the owner for approval prior to completion.

7 Management Services Our main objective is to protect your investment property while striving to maximize your returns. Management Fees: Our management Fee is 7% of the rent collected on a monthly basis. Leasing Fees: Our Lease Listing Fee is 50% of one month s rent with a minimum fee of $ Lease renewal fees are negotiated upon the lease renewal date. - No additional fee during vacancy is required. Ongoing Property inspections Frequent drive-by exterior inspections are performed by our property managers. In addition, we make regular preventative maintenance inspections of the interior of the property. Tenants are always notified in writing of pending inspections according to local State or Federal laws. We look for current discrepancies between the move-in condition and the current condition of the property. We will also check for preventative maintenance repairs at this time. We also provide annual CMAs (Comparative Market Analysis) reports to keep our clients informed of the current market value of their investment properties. At this time we will also evaluate current market rental rates and make suggestions if rent modifications are needed. Leasing and Management Fees Include Marketing and Advertisement campaign Tenant screening and evaluation Lease agreements and disclosures Deposit and rent Collection and disbursement Supervision and coordination of maintenance and repairs ***Large project management activities may have additional supervision fees*** Ongoing property inspections Serving 30,60, and 90 day notices Assistance with Home Warranty Claims Annual CMA and Market Rent Review